Annex V Valuation of assets
(1) In this Annex, unless the context otherwise requires -
"approved credit institution" means a credit institution as defined in Article 1 of the First Council Directive on the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions (Council Directive 77/780/EEC) [O.J. No. L322, 17.12.1977, page 30.] authorised in a Member State or such other institutions as may be approved by the Bank;